Which Type of VAT is Appropriate for a Non-chargeable Goods?
If you are a VAT payer and you want to invoice an item that is non-chargeable (e.g. deposit, security deposit, etc.) you need to add the VAT5 type with a 0% rate to your settings.
Select SETTINGS from the menu bar
Select TYPES OF VAT in the sidebar
Add the VAT5 type with 0% RATE
Confirm the settings by clicking SAVE CHANGES
When writing an invoice, select the VAT5 type with 0% RATE and no VAT will be added to the price of the item
How to do this?
Select SETTINGS from the menu bar
Select TYPES OF VAT in the sidebar
Add the VAT5 type with 0% RATE
Confirm the settings by clicking SAVE CHANGES
When writing an invoice, select the VAT5 type with 0% RATE and no VAT will be added to the price of the item
Updated on: 30/05/2024
Thank you!